JMK Hospitality, Inc Signs $381 Million Deal for Several Luxury Hotel Projects in U.S. Mid-Atlantic

NEW YORK – Jerome Gentolia has secured a $381 million deal for North Carolina based JMK Hospitality, Inc., which was formed to invest in and manage existing hotel properties, as well as to develop upscale properties, in the Mid-Atlantic region (NC, SC, GA, VA, WV) of the United States.

The deal by Gentolia, in conjunction with a Wall Street based structured project finance company which will serve as investing Collateral Guarantor for JMK and provide a direct contribution of cash-backed banknote instruments as full collateral backing for the complete financing package, will be utilized for acquisition and development of numerous luxury properties, capitalizing on the Mid-Atlantic Region’s tremendous recent growth, marked by the increasing strength of it’s tourism industry.

This burgeoning region, stretching from Virginia and West Virginia in the North to Georgia in the South, boasts 3 of the Top 10 Most Visited US States, according to the Travel Industry Association website. (http://www.tia.org/pressmedia/fast_fact_states.html)

“The management team behind JMK breeds a great deal of confidence,” remarked Gentolia. “Co-Founders James Bazluki, Matthew D. Adams and Kimberly Scott each bring a wealth of general business, legal and hospitality-industry experience, and we have every reason to believe that they will achieve their business objectives. We want to be a part of what they’re doing.” 

Jerome Gentolia can be reached at: jgentolia@internationalprojectfinance.net